Are you looking for some top ASX dividend shares to add to your income portfolio next week?
If you are, you might want to look at the ones listed below. Here's what you need to know about these highly rated dividend shares:
Bapcor Ltd (ASX: BAP)
The first ASX dividend share to look at is Bapcor. It is the Asia Pacific region's leading provider of vehicle parts, accessories, equipment, service and solutions.
Bapcor has been performing very strongly once again in FY 2021. This is thanks partly to strong demand for used cars, which has resulted in elevated sales across its brands.
The good news is that the company looks well-placed to continue its growth in the years to come. This is due to its strong market position and its expansion plans. The latter is being driven both domestically and in the massive Asia market.
One broker that is a big fan of Bapcor is Citi. It currently has a buy rating and $9.55 price target on the company's shares.
Its analysts are expecting Bapcor to grow its fully franked dividend to 19 cents per share in FY 2021 and then 23 cents per share in FY 2022. Based on the current Bapcor share price of $8.21, this will mean yields of 2.3% and 2.8%, respectively, over the next two financial years.
National Australia Bank Ltd (ASX: NAB)
Another ASX dividend share to look at is this banking giant. It could be a top option for investors that don't have exposure to the banking sector yet.
This is due to the positive trading conditions it has been experiencing thanks to the Australian economy's strong recovery from the pandemic, the thriving housing market, cost reductions, and its improving outlook.
Macquarie is very positive on NAB and recently upgraded its shares to an outperform rating with a $28.00 price target. The broker likes NAB due to its attractive valuation and strong capital position. It feels the latter should allow the bank to absorb any negative impacts of the AUSTRAC investigation and a potential COVID-induced economic slowdown.
Macquarie is forecasting fully franked dividends of $1.20 per share in FY 2021 and then $1.25 per share in FY 2022. Based on the latest NAB share price of $26.04, this represents attractive yields of 4.6% and 4.8%, respectively, over the next two years.
